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Question
Loss or gain percentage is always calculated on the ________
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Solution
Loss or gain percentage is always calculated on the Cost Price
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RELATED QUESTIONS
On the eve of Gandhi Jayanti a saree is sold for Rs 720 after allowing 20% discount. What is its marked price?
The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.
| Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
| 700 | 799 |
If the profit earned on selling an article for ₹ 810 is the same as loss on selling it for ₹ 530, then find the cost price of the article.
If a mattress is marked for ₹ 7500 and is available at two successive discount of 10% and 20%, find the amount to be paid by the customer
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A store is having a 25% discount sale. Sheela has a Rs 50 gift voucher and wants to use it to buy a board game marked for Rs 320. She is not sure how to calculate the concession she will get. The sales clerk has suggested two ways to calculate the amount payable.
- Method 1: Subtract Rs 50 from the price and take 25% off the resulting price.
Which method do you think stores actually use? Why?
If the price of sugar is decreased by 20%, then the new price of 3 kg sugar originally costing ₹ 120 will be ______.
If a chair is bought for ₹ 2000 and is sold at a gain of 10%, then selling price of the chair is ₹ 2010.
Match the entries in Column I with the appropriate entries in Column II:
| Column I | Column II |
| (i) 3:5 | (A) ₹ 54 |
| (ii) 2.5 | (B) ₹ 47 |
| (iii) 100% | (C) ₹ 53 |
| (iv) `2/3` | (D) ₹ 160 |
| (v) `6 1/4%` | (E) 60% |
| (vi) 12.5% | (F) 25% |
| (vii) SP when CP = ₹ 50 and loss = 6 % | (G) `1/16` |
| (viii) SP when CP = ₹ 50 and profit = ₹ 4 | (H) 250% |
| (ix) Profit% when CP = ₹ 40 and SP = ₹ 50 | (I) ₹ 159 |
| (x) Profit% when CP = ₹ 50 and SP = ₹ 60 | (J) `66 2/3%` |
| (xi) Interest when principal = ₹ 800, Rate of interest = 10% per annum nd period = 2 years |
(K) 20% |
| (xii) Amount when principal = ₹ 150, Rate of interest = 6% per annum and period = 1 year |
(L) 0.125 |
| (M) 3 : 2 | |
| (N) ₹ 164 | |
| (O) 3 : 3 |
